Companies like Redwood Materials (raised $792M), Li-Cycle, (Canada, raised $667.7M) and Green Li-ion (Singapore $15M) have made a name for themselves in recycling batteries. The activity of recycling existing lithium batteries remains one of the hardest nuts to crack as the world tries desperately to move to more renewable, clean, sources of energy.
Right now Lithium-ion batteries are one of the few viable solutions for decarbonizing energy, but the world has a high dependence on countries which mine Lithium, which creates undesirable environmental impact, supply chain constraints and geopolitical tensions.
tozero is a new startup out of Germany which says it is offering a novel process to recover critical materials such as lithium, nickel, and cobalt from lithium-ion batteries.
It’s now raised €3.5m in a Pre-Seed financing round led by Berlin-based Atlantic Labs. Verve…
Just outside of Munich, a startup plans a new process to recycle Lithium-ion batteries • TechCrunch
